Prevail Innovative Wealth Advisors LLC Boosts Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

Prevail Innovative Wealth Advisors LLC raised its position in The Gabelli Dividend & Income Trust (NYSE:GDV) by 22.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,789 shares of the financial services provider’s stock after purchasing an additional 8,660 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in The Gabelli Dividend & Income Trust were worth $1,130,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new stake in shares of The Gabelli Dividend & Income Trust in the 4th quarter valued at about $28,000. IFP Advisors Inc raised its stake in The Gabelli Dividend & Income Trust by 1,425.3% in the fourth quarter. IFP Advisors Inc now owns 1,205 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,126 shares in the last quarter. US Bancorp DE bought a new position in shares of The Gabelli Dividend & Income Trust in the 4th quarter worth $39,000. TD Private Client Wealth LLC bought a new stake in shares of The Gabelli Dividend & Income Trust during the 3rd quarter worth $78,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in The Gabelli Dividend & Income Trust in the third quarter worth $180,000.

Insiders Place Their Bets

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli acquired 2,300 shares of the stock in a transaction dated Friday, January 17th. The stock was purchased at an average cost of $24.83 per share, for a total transaction of $57,109.00. Following the acquisition, the insider now owns 145,812 shares in the company, valued at $3,620,511.96. The trade was a 1.60 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

The Gabelli Dividend & Income Trust Stock Performance

NYSE GDV opened at $24.13 on Friday. The stock’s 50-day simple moving average is $24.65 and its two-hundred day simple moving average is $24.59. The Gabelli Dividend & Income Trust has a twelve month low of $21.44 and a twelve month high of $25.67.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 15th will be given a $0.14 dividend. The ex-dividend date is Tuesday, April 15th.

The Gabelli Dividend & Income Trust Profile

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.